DISCUSSION

Discussion 1:

There are two parts to this discussion.

Part 1

In your own words define and explain fiscal policy.

List the pros and cons for the fiscal policy you selected (For example Discretionary, Expansionary, Restrictive and Countercyclical Fiscal Policies)

Include supply-side economics in your explanation.

As you think through your answer, remember the government may exercise expansionary or restrictive fiscal policy.

Part 2

Research one specific real-life example of a fiscal policy and explain its overall impact on the economy. In your example, discuss any political influences.

Note: when possible, select a different example than those already posted by a fellow classmate.

Your initial response should be a minimum of 300 words.

Discussion 2:

Let’s cordially debate a controversial and often misunderstood macroeconomic topic. Our huge U.S. government debt (see the latest debt being counted at U.S. Debt Clock (Links to an external site.) ) continues to grow and is constantly in the news.

For your initial post address the following:

· Is the large and increasing national debt an issue we should be concerned about?

· How does John Tamny view the national debt? What is your conclusion? Is this a problem, why or why not? Be sure to support your conclusion with facts.

Your initial response should be a minimum of 300 words.